Airtel to acquire Tikona’s 4G business for Rs 1,600 crore

“Tikona currently has 20 MHz spectrum in the 2,300 MHz band in Gujarat, Uttar Pradesh (East), Uttar Pradesh (West), Rajasthan, and Himachal Pradesh circles. Airtel plans to roll out high-speed 4G services on the newly acquired spectrum in the five circles immediately after the closure of the transaction.” 

The company, in its BSE filing said the indicative time of completion of the acquisition is 60 days. “Airtel’s continued focus on strengthening its 4G capabilities across multiple spectrum bands will be complemented with the BWA spectrum acquisition from Tikona. 

We believe that combining our capacities in TD-LTE (term division-long-term evolution) and FD-LTE (frequency division-long-term evolution) will further bolster our network, and help us provide unmatched highspeed wireless broadband experience to our customers,” said Gopal Vittal, MD & CEO (India & South Asia), Bharti Airtel.